Short Term Trading Strategies - Trend Reversal Indicator

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Relative Strength Index Measures Speed & Change Of Price Movement

J. Welles Wilder New Concepts In Technical Trading

RSI Measures Between 0 and 100 Above 70 = Overbought Market

Below 30 = Oversold Market Build Into Every Technical Analysis Software Change Settings From 14 Days To 10 Days

Lagging Indicators Moving Average Is A Lagging Indicator

Trend Following Indicators Are Lagging Lagging Indicators Only Work In Trending Markets

Leading Indicators Leads Price

Gives Indication Before Price Moves Works Best In Choppy Or Range Bound Markets

Using Oscillators In Trending Markets Only In Direction Of The Major Trend

Uptrend = Only Take Long Trades Downtrend = Only Take Short Trades Oscillators Work Best In Choppy Markets!

RSI Bullish Divergence

RSI Bearish Divergence

Trending Markets Stick With Lagging Indicators Avoid Oscillators Such As RSI Trending Markets Respond Best To Moving Average Indicators

Choppy Or Range Bound Markets Stick With Leading Indicators Avoid Using Moving Average Indicators The First Step In Your Analysis Is To Determine If Market Is Choppy Or Trending

RSI Indicator Excellent Indicator For Divergence Analysis Not Overly Sensitive Unlike Other Oscillators Will Build RSI Trading System In Coming Weeks

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